Managerial Accounting Exam 1 WileyPlus| 109 questions| with complete solutions

Managerial Accounting Exam 1 WileyPlus| 109 questions| with complete solutions
Question 1: Which one of the following does not appear on the
balance sheet of a manufacturing company?
CORRECT ANSWER: Cost of goods manufactured
Question 2: The wages of a timekeeper in the factory would be
classified as
CORRECT ANSWER: indirect labor
Question 3: Managerial accounting applies to each of the
following types of businesses except
CORRECT ANSWER: managerial accounting applies to all
types of firms
Question 4: Managerial accounting applies to all forms of
business organizations.
CORRECT ANSWER: True
Question 5: Direct materials and direct labor are the only
product costs.

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